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Abstrak Hartanty, Setyani Ikha "The Influence of Fundamental Analysis and Economic Risk on Stock Return in Manufacturing Companies Listed on the Indonesia Stock Exchange of the Year ". Final Project. Accounting Department. Faculty of Economics. State University of Semarang. Supervising I. Drs. Tarsis Tarmudji, MM. Supervising II. Linda Agustina, SE, M. Si. Keywords : stock returns, fundamental analysis, economic risk. The investors’ aim to invest is to get the maximum return with a certain risk. The main objective is to maximize investment returns without forgetting the risk factors that must be faced. Return is one of the factors that motivate investors to invest and also an investor in exchange for the courage to bear the investment risk. This study aims to analyze the effect of fundamental analysis and economic risks to stock return. The fundamental analysis used in this study are the financial ratio of debt to equity ratio (DER), earnings per share (EPS), price earnings ratio (PER) and economic risk using the exchange rate, inflation. The sampling method used was census sampling method. From a population of forty-two manufacturing companies that publish annual reports in a row of in Indonesia Stock Exchange, all of it referable as the samples. Hypothesis testing is done by using multiple linear regression analysis by first doing classical assumption that includes test data normality, multicoloniarity, heteroskedasticity and autocorrelation. The results showed that simultaneously, fundamental analysis which consists of debt to equity ratio (DER), earnings per share (EPS), price earnings ratio (PER) and economic risk using the exchange rate, inflation have a significant influence on stock return. Partially fundamental analysis (EPS) and economic risk have a significant influence on stock return, while other fundamental factors (DER, PER) had no significant effect on stock returns manufacturing company in Indonesia Stock Exchange. Conclusions of the result above that the earnings per share (EPS), exchange rate and inflation are critical roles in changes in stock return. Suggestions relating to this research, considering the limitations of the researcher, this study can be continued by increasing the number of samples, and adding another variable that has not been studied in a manufacturing company.